Arkade Developers Limited has informed the Exchange regarding Outcome of Board Meeting regarding scheme of arrangement, held on September 29, 2025.
ARKADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.5 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Arkade Developers' board, on September 29, 2025, approved a Scheme of Arrangement to demerge the rental business (Demerged Undertaking) of its wholly-owned subsidiary Filmistan Private Limited into Arkade Developers itself. The demerged undertaking consists of tenancy rights over land in Goregaon (West), along with structures, equipment and related liabilities. Filmistan's rental business turnover was INR 13.05 Lakhs in FY25, making up 87.30% of Filmistan's total turnover. Since Filmistan is a wholly-owned subsidiary, Arkade will not issue any new shares — there is no share exchange ratio and no change in Arkade's shareholding pattern. The appointed date is August 1, 2025, and the scheme now needs NCLT Mumbai Bench approval and other regulatory clearances.
This is a purely internal restructuring between Arkade and its wholly-owned subsidiary, so existing shareholders will see no change in their holdings, no dilution, and no immediate cash impact. Short-term stock reaction is likely neutral, but the move consolidates the rental asset and Goregaon land interest under the listed entity, which could modestly improve operational clarity going forward.